Change of Adviser

Pan Andean Resources PLC
01 August 2006

                            Pan Andean Resources plc



                          CHANGE OF ADVISER AND BROKER



Following the acquisition of Rowan Dartington & Co. Limited by Corporate Synergy
Group plc, Pan Andean Resources plc is pleased to announce the appointment of
Corporate Synergy Plc as its nominated adviser and broker with immediate effect.



For further information please contact:


Pan Andean Resources plc

John Teeling                                         [phone]

Corporate Synergy Plc
Justin Lewis, Chief Executive                        020 7448 4400
John Wakefield, Director                             0117 933 0024





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